Telluride, CO is just like that old Josh Gracin song, "Telluride," where he describes it as a sleepy mountain town where the rich kids enjoy themselves on "daddy's dime."  Telluride is in the Western Slopes of the Rocky Mountains and about an hour south of Montrose, which is the closest major airport to the area.  After flying in to Montrose, one can take a shuttle or rent a car and head over to Telluride.  I recommend the historic boutique hotel, New Sheridan Hotel in Telluride.  That hotel was built in 1895.  Mountain Village is the modern ski village side of the area, and it is accesible via a short gondola ride.